When (Exact date) the proposal of budget is applicable?

After receipt of share application money, what is the time limit with in which company has to issue or allot shares.

I have one query, one of my friend has started a company. He is a director in the company but he is also doing job somewhere. They want to start a coaching centre where he along with other director will provide coaching. Can company pay professional fees to them. If yes, do we need to treat it as Managrial Remuneration.Moreover they are not paying salary to any of the director. thanks in advance

I have Pvt.Ltd.Company in partnership. we wish to copyright our company logo. So I want to know process of this and office address or submission form No.etc.

Should a company deduct & pay TDS on monthly provisions made in books of account.

We manufacturing Tractors for agriculture purpose as well as supplying the Tractor Parts to our customers from our Spare Parts Division situated in the same premises on one registration no. in Central Excise Department from 1st June-06 under cover the notification No. 14/2008-C.E.(N.T.), dated 1.03.08. Tractor is exempted for the payment of Excise duty and the “Parts, components and assemblies of any automobiles “are liable to pay the duty.

For the fulfillment the purpose of supplying the ‘Spare Parts of Tractor’ to the customers, we procure the material from the supplier’s at our “Spare Parts Division”. Some of them are supplying the material in fully packed condition and pasted our MRP stickers, means they are discharging their duty liability on our MRP claiming the abatement.

We receive the fully packed material form them and take the CENVAT Credit of the duty paid to our supplier (on our MRP) & do some labeling re-labeling on the said material and sell to our customers with charging the same duty on the basis of same MRP declared on the product already after claiming the abatement.

We can understand this here as under-

Suppose our product MRP is 216/-
Supplier paid duty on ASV = 151.20 ( after claiming abatement 70 % of MRP)
His duty liability on the clearance from their premises is Rs. 12.46 (including 3 % Cess),

Now, at our side we Charge the duty of Rs. 12.46 (the very same amt. We have availed) while sell the said mat. to the customers.

Q. No.1 Is it a valid transaction in view of the Central Excise Act.?.
Q.No. 2 Are we doing the right practice or some thing wrong in it ?.
Q.No.3 Is there any revenue loss to the Government or not ?
Q.No.4 Is mere labeling or re-labeling without including the declaration or alteration of MRP amounts to manufacture or not ?.


Pls. Clarify.

I have read the ajor changes are going to be taken place as per Mr.Prakash Somani's file on current rates of TDS.Is it true? If yes then is it going to applicable from 01.10.09.Do we realy have to not to deduct the Tax at source on payment made to any transporter if he gives his PAN? Also don't we have to levy Surcharge & cess on tax deducted? Please clarify my doubts urgently

I brought a flat in goa for Rs. 80,00000 and given for rent.

My Question is can i claim depreciation under income-tax laws

WHAT ABOUT THE FBT PAID FOR THE FIRST QUARTER BY THE COMPANY? WILL IT BE ADJUSTED IN SOMEWAY WITH INCOME TAX OR BE REFUNDED ?

hello friends,
we are a pvt ltd company and we have an agreement with another pvt ltd company saying we will provide them drivers where ever when ever required and they pay us an amount X which included basic, HRA,Pf Esic and service charge , here their is a A amount which goes directly to the driver and amount B are the contributions towards Pf Esic bonus uniform and all,
my query is service tax is applicable on which amount, total amount or jus service charge which other words is our commission
please help me with this